Wagestream
Also a provider — view Wagestream’s profile →“Can an EWA company become the financial OS — credit, savings, insurance, advice — for the hourly frontline worker?”
Founded2018
HQLondon, UK
FoundersPeter Briffett, Portman Wills
Total raised$200M+ equity (undisclosed total) + £300M debt facility
Latest roundSeries C, 2022 ($175M)
IndustryFintech / Earned Wage Access
The story
Founded 2018 as a UK EWA pure-play, Wagestream has expanded into a full financial wellbeing platform for hourly and frontline workers — adding savings, budgeting, coaching, insurance and most recently payroll-deducted lending. The 2024–2025 launch of Workplace Loans, backed by a £300M Citi facility, is its most significant strategic move: shifting from a fee-per-advance EWA model to a regulated consumer credit lender competing directly with high-cost lenders. The US entity (Stream Platforms, Inc.) signals continued geographic expansion.
Product timeline
2018
Founded in London by Peter Briffett and Portman Wills, offering earned wage access via employers.· founding
2019
Raised $25M Series A led by Northzone; launched Safestream automatic savings product.· banking
2022
Raised $175M Series C to expand into US market.· expansion
2024
Launched Workplace Loans via early access program.· lending
2025
Secured £300M debt facility from Citi to scale Workplace Loans.· lending
2025
Rebranded product surface to 'Stream' with expanded financial wellbeing suite (Budget, Coach, Pay, Rewards, Track, Workplace Savings).· pivot
Regulated entities
3
regulatory licences held by Wagestream
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
3 layers disclosed in Wagestream’s embedded-finance stack
Banking / BaaS
ModulrPayrNet
Lending
in the full report
Open banking
in the full report
Accounting gap: none
3 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.